Word: factoring
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Dates: during 1950-1959
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...traditional pro-capitalist answers the statist by asserting that the essential limitation upon corporate power is exercised by what "economists refer to as the 'judgment of the market place' . . . which was assumed to be a powerful controlling factor. By declining to provide capital, it could, in theory, check overexpansion, could favor enterprises which the country needed most . . ." But Berle does not believe that the judgment of the market place plays this part in contemporary U.S. capitalism. The modern corporation is strong enough to ignore the judgment of the market. The spectacular fact is that most...
...pinnacle of the fashion world. When Edna Chase set out to build a home on Long Island, Owner Nast sent her a short note expressing his appreciation. Wrote Nast: "I am a very rich man. Your devotion, industry and very amazing intelligence have been a very great factor in accomplishing [this fact] ... I have set aside $100,000 which I want you to use for embroidery on the house you are about to build." As it turned out, Editor Chase was able to draw only $25,000 of her gift; the rest vanished "like fairy gold." Persuaded by his banker...
...primary reason for the expected increase in business activity is the influence of present Federal fiscal policy, Slichter explained in an address to the New England Bank Management Conference. Although the Administration's program has been a powerful factor for economic contraction in the past year, he continued, it "will become a mild influence for expansion" next year...
Desegregation may be a balance-changing factor this year in ten congressional races in Maryland, Delaware, Tennessee, Kentucky, North Carolina, Missouri, Florida and Virginia. In each case it works against the Republican candidate, even though, for the most part, the Democrats are not pushing it publicly...
...representative-basis-pricing specification and size and quantity"). But even at his best, he is often fuzzy. There is, says Sir Ernest, "an unwillingness to venture outside a small vocabulary of shapeless bundles of uncertain content-words like position, arise, involve, in connection with, issue, consideration, and factor-a disposition, for instance, to 'admit with regret the position which has arisen in connection with,' rather than to make the effort to tell the reader specifically what is admitted with regret." An official would far sooner say, "With reference to your claim, I have to advise you that before...